Pinnacle Digest: Grande Portage Resources: Assay Results
Feb 19, 2007 (M2 PRESSWIRE via COMTEX News Network) --
Grande Portage Resources (TSX-V: GPG) had an uneventful end to the week, as shareholders witnessed no movement in their company's share value Friday following the exchange of 10,000 shares trading hands before the sound of the closing bell. In a month to month comparison, the share price has gained $0.06 since the middle of January. In the article below, PinnacleDigest intends to further explore Grande Portage Resources and the gold sector in which it resides in. To continue this read and find out why our client base continues to grow, come explore www.pinnacledigest.com.
Gold is usually an investment most sought after when the economy is showing signs of weakness. Because of this, the precious metal may continue to fall on speculation that the world's largest economy may be growing. It is well known that gold and the dollar move in opposite directions. Since growth in America's economy has started bringing momentum to the dollar, gold has dropped off in recent days. The question now is: where does gold go from here?
In corporate news, representatives from Grande Portage Resources Ltd. announced partial assay results from its twenty hole follow up diamond drilling program at the Merry Widow Massive Sulphide Project on Vancouver Island, British Columbia conducted between Nov 15th and Dec 15th, 2006. Eight of the eleven drill holes successfully intersected massive sulphide skarn mineralization containing visible pyrrhotite, pyrite and chalcopyrite hosted in either massive magnetite or epidote-garnet-actinolite skarn assemblages.
According to management, this second round of drilling was designed to test the northern extensions of the Merry Widow Open pit and to test for mineralization laterally towards the Raven showing which is located approximately 150 meters northeast of the pit. The Merry Widow Open Pit intersections successfully stepped out from previous drilling and will be incorporated into a planned tonnage calculation. PinnacleDigest is interested in this company's progress and will be closely watching for additional corporate developments in the months to come.
*note* planned tonnage calculations are completed to ready an exploration play for mining or tier two company purchase-
(article originally posted by Doubloon)
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